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AdvertisementYoung professionals said they don't need 40 hours a week to get their work done. In fact, 81% of respondents said working one less day a week would improve their company's productivity. This story is available exclusively to Business Insider subscribers. AdvertisementA police department in Colorado moved workers from 40 to 32 hours a week in July 2023 and reported "fantastic" initial results months later. One alternative: a four-and-a-half day week.
Persons: , They're, Bill Gates, that's, Gates, Trevor Noah's, Binny Gill Organizations: Service, CNBC, Generation, Business, CNN, Billionaire Microsoft, Technologies Locations: Dominican Republic, Colorado
Younger Americans are feeling the pinch from inflation, with 54% saying that rising food costs have hit them the hardest. The findings are part of a recent CNBC/Generation Lab survey that polled 1,033 people between the ages of 18 and 34. When asked where in their budget inflation affected them the most, respondents choose food by a significant margin:Food: 54%54% Rent: 22%22% Discretionary spending: 10%10% Health care: 6%6% Utilities: 5%Overall inflation has cooled off since its 9.1% year-over-year peak in June 2022, but it continues to rise at a 3.5% year-over-year pace as of March, according to the most recent data available from the consumer price index, which tracks the price of goods and services over time. Higher borrowing costs are another factor leading to younger people feeling strained, as the average credit card balance for Gen Z and millennials increased 62% and 50%, respectively, between March 2022 and February 2024, according to a recent Intuit Credit Karma survey.
Organizations: CNBC, Intuit, Karma
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email27% of young republican workers don't want to live in a state that bans abortions: CNBC Generation Lab surveyCNBC's senior personal finance correspondent breaks down young workers views on state abortion bans and the economy.
Organizations: CNBC
Four day work week popular among younger workers
  + stars: | 2024-05-08 | by ( Sharon Epperson | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFour day work week popular among younger workersA new CNBC Generation Lab survey finds younger workers feel a 4-day work week is more productive. CNBC's senior personal finance correspondent Sharon Epperson has more.
Persons: Sharon Epperson Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMajority of Gen Z believes Trump is better than Biden for the economy, new survey findsCyrus Beschloss, Founder of The Generation Lab, discusses a new survey on the key issues for the 2024 presidential election.
Persons: Gen Z, Trump, Biden, Cyrus Beschloss
Young adults are throwing their support behind calls for a four-day workweek. A new national survey from CNBC/Generation Lab of 1,033 people aged 18 to 34 found that an overwhelming 81% of respondents believe a four-day workweek would boost their company's productivity, while 19% said productivity would decline. Exos, a U.S. coaching company that trains top athletes and leads corporate wellness programs, recently reported results from the first six months of an ongoing four-day workweek experiment. Other four-day workweek trials have shown similar gains. Although respondents to the CNBC/Generation Lab survey largely agreed on workweek length, they were less unified when asked about work setting.
Persons: Sen, Bernie Sanders, Mark Takano, Barry Diller, Steven Cohen, Cohen Organizations: CNBC, Representatives, IAC, New York Mets Locations: USA, U.S
"These numbers on abortion have gigantic implications for just about every large company in America," said Cyrus Beschloss, the CEO of The Generation Lab. The CNBC/Generation Lab survey was conducted between April 26 and May 2, and has a margin of error +/- 3.1%. Sour on the economyThe survey also found that respondents had a negative opinion of an economy many would consider robust. The survey showed that 54% of respondents feel inflation impacts them the most in "the cost of food." Offered two options of how the government should proceed with TikTok, a large majority — 70% — of survey respondents said it should "allow TikTok to keep operating as usual."
Persons: Elijah Nouvelage, Cyrus Beschloss, they're, Roe, Wade, Jerome Powell, Powell, Delano Saporu, Saporu, Joe Biden, Steve Cohen, workweek, Kennedy, Biden, Donald Trump, Daniel Steinle Organizations: Emory University, AFP, Getty, CNBC, U.S, Federal Reserve, New Street Advisors, Congress, New York Mets, Biden, Trump, Bloomberg Locations: Atlanta , Georgia, USA, America, Washington, U.S, Waukesha, Waukesha , Wisconsin
Pop star Taylor Swift has been at the center of political discussion in recent months. A recent survey found that Swift's endorsement would sway about 1 in 20 votes from young adults. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPoliticians and pundits have debated in recent weeks just how much pop star Taylor Swift's endorsement could play in the 2024 presidential election. A recent poll, however, found her endorsement may not be as impactful as some may have thought.
Persons: Taylor Swift, Trump, Biden, , Taylor, Swift Organizations: Service, Business
A third of respondents in a recent poll said they can't even be friends with rival party supporters. A similar poll in 2016 found that 7% of voters reported friendships ending because of the election. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs the 2024 presidential election quickly approaches, a large number of young adults say they're unwilling to be friends with someone voting for the presidential candidate of the opposing political party.
Persons: , Donald Trump, Joe Biden Organizations: US, Service, Republican, Democratic, Business
Which issues matter the most to young voters?
  + stars: | 2024-02-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhich issues matter the most to young voters? Cyrus Beschloss, The Generation Lab founder, joins 'The Exchange' to discuss survey results about which issues matter the most to young voters, where young Americans notice inflation, and more.
Persons: Cyrus Beschloss Organizations: Generation Lab
Rockaa | E+ | Getty ImagesDespite earning more, many Gen Z adults and millennials are having a hard time finding room in their budgets to invest. In fact, 61% are not saving for retirement each month. The survey polled 1,013 people ages 18 to 34 in the U.S. in late January. A prime culprit: higher expenses that have limited their ability to put money aside for savings and investments. "They're cutting costs, they're tipping less, they're trying to spend less eating out … living with parents … they're not acting like the economy is as good as it is," Beschloss said.
Persons: Cyrus Beschloss, … they're, Beschloss Organizations: CNBC, Generation Locations: USA, U.S, It's
I'm a Gen Z, and I feel it misses the point as to why my generation is falling out of love with dating apps. It's no wonder then that Tinder's "rizz-first redesign" specifically calls out Gen Z as its intended target. But dating apps are right to be concerned about their appeal to Gen Z. AdvertisementI can't help feeling Tinder is missing the real point behind why Gen Z is falling out of love with online dating: Dating apps are deeply frustrating to use. It's a frustrating time to be on online dating — and that's something adding some rizz to a redesign can't quite fix.
Persons: Tinder, , Gen, Gen Z, who's Organizations: Service
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation and climate change are two biggest issues facing young people, says Generation Lab founderCyrus Beschloss, The Generation Lab founder, joins 'Squawk Box' to discuss data from the 'Money & Youth in the USA' poll conducted by CNBC and Generation Lab, how young people feel about the economy, and more.
Persons: Cyrus Beschloss Organizations: Generation Lab, CNBC Locations: USA
Getty ImagesGen Z and millennial adults are having a hard time achieving the same milestones their parents did when they first ventured out into the workforce. The survey polled 1,039 people between ages 18 and 34 across the U.S. from Oct. 25 to Oct. 30. "We are bombarded with headlines about inflation, and we see inflation when we check out at the grocery store." On the positive side, Beschloss at Generation Lab said there is "hope in this data." Gen Z, millennials and the stock market
Persons: Young, Getty, Cyrus Beschloss, Gen Zers, Blair duQuesnay, duQuesnay, Boneparth, Beschloss, Gen Organizations: CNBC, Generation, Ritholtz Wealth Management, CNBC Financial, Youth, Douglas, Lab Locations: USA, America, New Orleans, New York
Nearly four out of five college students aren't really using dating apps, according to a survey. Axios and Generation Lab polled 978 college students in the US to learn about their dating habits. The survey found that a majority of college students are not on dating apps. The most commonly used dating app for students is Tinder, with 12% of college students using it at least once a month. She said that using dating apps was more likely to just end in hookups.
Persons: aren't, , Axios, they've, Sam, Melanie Perez Organizations: Service, College, University of Albany, Sam Houston State University, University of Victoria, The Guardian Locations: hookups
They beat out banks, friends, and celebrities as the most frequent source of financial advice. Another survey found that over 6 in 10 Gen Z said they were still financially dependent on their parents. AdvertisementAdvertisementYounger people in need of financial advice are not turning to banks or successful entrepreneurs — they're going to mom and dad instead. To be sure, family isn't the only source of financial information for Gen Z. AdvertisementAdvertisementThat made it the most frequent source among the 948 US Gen Z respondents surveyed, slightly edging out web searches and family.
Persons: Gen Z, , Insider's, Bill Gates, Experian, Z Organizations: Service, Morning, Microsoft, Experian, CFA Institute, Financial Industry, Authority Investor Education Foundation
Three of the world's richest men lead the list. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But, Elon Musk, the world's richest person, isn't leading the pack this time. 2 on the college students' list. Swift even beat out multi-billionaires and industry giants Mark Zuckerberg and Warren Buffett for her place at fourth.
Persons: Zers, , Bill Gates, Elon Musk, isn't, It's, Musk, Jeff Bezos, Taylor Swift, Warren Buffett, Mark Zuckerberg, Oprah Winfrey, Lebron James, Ryan Reynolds, Donald Trump, Kim Kardashian West, Michael Bloomberg, Martha Stewart, Kylie Jenner, George Soros, Jim Cramer, Howard Schultz, Gates, Bezos, Swift, who's, Rihanna, Jay Organizations: Service, Microsoft, Morning, Twitter, Bloomberg, College, Elon, NBA Locations: Miami
A majority of American college students blame Hamas for the Oct. 7 attack on Israel, and two-thirds describe the attack as an act of terrorism by Hamas, according to a Generation Lab poll of two- and four-year college students. The poll finds 86% of college students saying they’re aware of the Oct. 7 attack on Israel. More than half, 52%, of the college students who say they’re aware of the Oct. 7 attack blame it on Hamas. By party, 73% of Republicans, 50% of Democrats and 50% of independents say they blame Hamas for the attack on Israel. And by race, 58% of white college students, 47% of Latinos and 36% of Black college students believe Hamas deserves blame for the attack.
Persons: Israel's Organizations: Hamas Locations: Israel, Gaza
CNN —A smaller share of Gen Z is thriving compared to millennials at the same age, and members of Gen Z are far less likely to describe their mental health as “excellent,” according to a new study. The study, released Thursday, aims to reflect the voices of Gen Z on key issues the generation faces. According to the study, both millennials and members of Gen X “report far lower mental health ratings” today than they did a decade ago. “This generation may be more tuned in to recognizing issues with their mental health than older generations,” psychologist Walter Evans said. Another characteristic of Gen Z: optimismThe picture members of Gen Z paint of their lives is far from bleak.
Persons: Gen, , Gen Z, millennials, Gen X, Walter Evans, Pollsters, they’ll, Z’s “ Organizations: CNN, Gallup, Walton Family Foundation, Pew Research, US Centers for Disease Control, Prevention, American Psychological Association, Gen Locations: U.S
CNN —There’s nearly a 50-year age gap between the oldest Baby Boomer and the youngest member of Gen Z. As Pew President Michael Dimock put it, a common misconception about Baby Boomers’ past serves as a reminder of a key question we should be asking as we talk about Gen Z today. Cultural critic Louis Menand has pointed out that another important detail often gets overlooked when talking about this chapter in Baby Boomers’ past. And Gen Z may not be as ‘woke’ as you thinkCould our understanding of Gen Z’s politics – frequently described as liberal – also be missing part of the picture? Joe Raedle/Getty Images“In poll after poll, we have found enormous diversity among Gen Z and their views,” she says.
Persons: CNN — There’s, Boomer, we’ve, We’ve, Z, Gen, Michael Dimock, Dimock, ” Dimock, , Nixon’s, Louis Menand, ” Menand, Baby Boomer, , , Owen Franken, Menand, Kim Parker, ” Parker, Parker, , Jean M, Twenge, there’s, Gen X, Silents, Gen Z, it’s, Reagan, Whitney Ross Manzo, David McLennan, ” Manzo, Young, Donald Trump, Joe Raedle, Bobby Duffy, Duffy, You’re, Ron DeSantis, Octavio Jones, Pew, who’ve Organizations: CNN, Boomers, Pew Research Center, Gallup, Woodstock Music, Pew, San Diego State University, Harvard, don’t, Meredith College, King’s College London, Republican, Florida Gov Locations: Vietnam, Nixon’s Vietnam, East Coast, Woodstock, North Carolina, Tampa , Florida, Tampa, Florida
Those jets have advanced features but aren't quite as advanced as US stealth jets, a former Navy pilot says. However, a copy of a fifth-generation fighter does not actually make it one. Russia's Sukhoi Su-57Russian Su-57 fighter jets. A Russian Su-57 fighter jet. Associated PressThough the Chinese and Russian aircraft are likely highly capable warbirds, some US aviation experts have suggested they shouldn't rightfully be considered "fifth-generation."
CPPI declined to comment but said it has made no direct investments in crypto. But CPPI abandoned the pursuit this year and redeployed the team to other areas, the sources said. CPPI's move also comes as two of Canada's largest pension funds have written off their investments after the collapse of crypto exchange FTX and crypto lender Celsius this year. Canadian pension funds' exposure to crypto sector has come under scrutiny following the FTX debacle. While Canadian pension funds are not prohibited from buying cryptocurrencies, they are known for their risk-averse investing strategies to generate steady returns for pensioners.
Tech jobs are in flux, tourism is at an all-time high, and the population across major U.S. cities is shifting. An October report by the Kenan Institute of Private Enterprise, a business policy think tank, ranked the top 10 fastest-growing cities in the U.S. And the final list is a good indication of where young people want to live and work and of what they value. The city is moving forward with plans to enact new initiatives for cleaner buildings, according to the city's mayor, Bruce Harrell. Seattle also topped the list of cities where college students want to live after graduation, according to Axios and The Generation Lab's 2022 Next Cities Index.
Sen. Pat Toomey said Jan. 28 the GameStop stock surge "has all of the characteristics of a bubble." Toomey's son that same day sold GameStop stock for between $1,001 and $15,000, per financial disclosures. "I do think we should understand why the brokers made the decision they made, several of them, including Robinhood to limit the ability of people to buy stock," Toomey told Cavuto. Tom Williams/CQ Roll Call)'A classic bubble'In a statement to Insider, Toomey said that his son made the GameStop trades without his knowledge. In addition to GameStop stock, Toomey's son sold shares of Shopify and Tesla in late January, according to the senator's financial disclosure.
Sen. Dianne Feinstein's husband, investment banker Richard Blum, invested up to $50,000 in polling firm The Generation Lab. But the Democratic lawmaker didn't disclose the purchase until this month, weeks after a federal deadline. Feinstein has not yet been contacted by the Senate Ethics Committee on whether she will face a fine, Mentzer added. Members of Congress are generally allowed to buy and sell individual stocks — to the chagrin of some government reform advocates — so long as they publicly disclose the transactions. Not until May did Feinstein publicly disclose her husband's Facebook stock purchase, investigative journalism outfit Sludge revealed later in 2018.
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